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Icahn Enterprises has announced plans to sell up to $400 million worth of shares through an 'at-the-market' offering program. This move has led to a significant decline in the company's stock, which has dropped nearly 10% and is heading towards a 21-year low. The stock has already fallen 12.5% in a single day following the announcement. Carl Icahn's investment firm filed with the U.S. Securities and Exchange Commission to proceed with this share sale.
Another new low (one in a series) for this stock, known as DJT after its largest shareholder. https://t.co/4kJmEFZLrN
$DJT down another 3% today. Below $21. According to Dow Jones Market Data, it's the lowest close since the merger with $DWAC was completed on March 26. How much lower can the Truth Social owner's stock go? Keep in mind that Trump's lock-up period to sell stock expires next month.
$DJT hitting yet another low today
